PREFERENTIAL ALLOTMENTS
Singapore co also to invest in Matrix Labs
TEMASEK Holdings (Private) Ltd, Singapore will join Newbridge Capital in a significant investment into Matrix Laboratories Ltd (MLL), the Hyderabad-based, pharma major through the purchase of equity shares by way of preferential basis and ... More

COMPANY LAW
`Cos not obliged to have nominee directors on remuneration panel'
THE role of nominee directors on the boards of companies or its committees continues to be a vexatious issue. The latest bone of contention is the nomination of nominee directors to the Remuneration Committee appointed by the Company's Board. ... More

MERGERS & ACQUISITIONS
Bharti `all set' to acquire Escotel — First Pacific Company may also sell out stake
BHARTI Tele-Ventures Ltd, flagship company of the Bharti group, is learnt to have wrapped up a deal with the Escorts group to acquire its majority stake in Escotel Mobile Communications Ltd that offers GSM cellular services in Haryana, Kerala and ... More

K Sera Sera to offer shares to Sahara India
K SERA Sera Productions Ltd has entered into an agreement and memorandum of understanding with Sahara India Mass Communication Ltd to offer 15,00,000 shares of Rs 10 each to the latter. The company's equity base is currently at Rs 11.73 crore. ... More

Andhra Sugars, Krebs in pact with loss-making units
ANDHRA Sugars Ltd (ASL) and Krebs Bio Chemicals (KBC) have entered into sale and purchase agreement with the loss-making co-operative units of West Godavari Cooperative Sugar Factory Ltd and NVR Cooperative Sugar Factory Ltd in Bhimadolu in West ... More

EVENTS
Will manufacturing emerge from services shadow?
IF it was hard watching 2003, it is harder still to behold 2004. From newsstands, stock markets, hotel lobbies, shopping malls and `India Shining' advertisements, the duo invade your mind with glaring optimism, a shade too harsh for belief. ... More

STANDARDS & BENCHMARKS

SICK UNITS
Uncertainty over FACT debt burden continues
UNCERTAINTY prevails over the revival of the ailing central public sector, Fertilisers and Chemicals Travancore Ltd (FACT) as a decision on how to settle the outstanding loans amounting to Rs 497.2 crore, either by way of writing off or ... More

OUTLOOK
Singareni plans 12 more mines
AFTER scripting a successful turnaround and wiping out accumulated losses of Rs 1,219 crore, the State-owned Singareni Collieries Company Ltd. (SCCL), plans to open up eight opencast and four underground mines with a total capital outlay of about ... More